Selling gold is a dicey job. If you want to sell scrap gold jewelry, you have to be cautious about the various factors that are involved in such a sale. Otherwise, the wool can be pulled over your eyes. Firstly you should know that the unit that is used to measure gold, the unit is "troy ounce". It is used for other precious metal as well, such as platinum, silver. The precious metals are alloyed with other metals to make jewellery. In The United States to make jewellery, the other metal is alloyed in 10 karat (kt), 14 kt, or 18kt of gold. The content of pure gold in your jewelry depends on the level of the karat. The proportion of pure gold in 10kt is 41%, 14kt is 58.3% and 18kt is 75%.

The amount that you will get by selling gold jewelry will depend on the quantity you are giving out in the sale. If you find that the buyer is offering you less than 50% of the standard prices, look for another buyer to sell gold.

The standard units for measuring the weight of gold jewelry is either pennyweight (DWT) or in grams (GR). One ounce of gold weighs either 20 pennyweights or 31.1grams. To sell gold jewelry, you should know the relevant queries that you have to make to your buyer. First and foremost, ask your buyer about the weight of the gold pieces that you are selling in pennyweight or the gram weight and thereby their prices in dollars per pennyweight or gram.

There are myriad companies that buy and sell gold. So select one which is reputed. Ask the prices they are offering. The organization should be willing to quote you their daily price offering for the various karats. They should also mention the different price ranges for larger quantities. Be wary of those firms that are unwilling to give a straight answer.

The modern business landscape largely uses the Internet for carrying out business transactions. You will find buyers who buy and sell gold over the Internet. Such buyers may ask you to mail your jewellery to them. In such a case examine the company's policy for shipping and insurance before sending your valuables.

Do not go for companies who ask you to dispatch your valuables in packet and drop in a mailbox. You are running a big risk of loss or theft. No matter how minuscule your selling amount may be, select a company which offers free insured FedEx, UPS or DHL service. Fill out the form and give a detailed description of what you're sending. Keep a photo copy of the form with you. Take snaps of the items that you are sending. Remove the attachments in the jewelry that you are not selling. You can rest assured that your valuables are in the safest hands. The third-party (courier service) will allow you to know the time and date when the buyer received your belonging.